The bankruptcy court allowed Lariat’s claim against debtor and rejected debtor’s argument the claim had been paid in full by debtor’s spouse.
Where Lariat’s claim against the debtor flowed from a guaranty judgment it previously obtained, which was extinguished by the payment made by debtor’s spouse, Lariat no longer had a claim against debtor.
Vacated and remanded.
Lariat Companies, Inc. v. Wigley (MLW No. 72304/Case No. 18-6004 – 8 pages) (U.S. Bankruptcy Appellate Panel for the Eighth Circuit, Nail, J. ) Appealed from U.S. Bankruptcy Court for District of Minnesota